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Cost Inflation Index For FY25 Higher Than Last Fiscal's -

Cost Inflation Index For FY25 Higher Than Last Fiscal's -
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cost inflation index (CII) | Income Tax department sets Cost Inflation Index at 363 for financial year 2024-25

cost inflation index (CII) | Income Tax department sets Cost Inflation Index at 363 for financial year 2024-25
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Income tax department notifies cost inflation index for current fiscal

It is popularly used to calculate indexed cost of acquisition , while calculating capital gains at the time of sale of any capital asset

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I-T deptt notifies cost inflation index for current fiscal

I-T deptt notifies cost inflation index for current fiscal
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Cost Inflation Index set higher at 363, long term capital gain to be lower on land, trademarks, patents

Lower long-term capital gain tax liability expected due to Cost Inflation Index increase, aiding in calculating taxable income accurately.

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